One correlated outcome of the rising Euro (we’ll talk about that later) is the decline in the dollar (shaded chart), which looks poised to hit its November sub-22 low. The Prognosticator is near neutral when attempting to forecast dollar direction. Depending on the time frame reviewed there is little fractal alignment of the signals. Meanwhile, FXE is similarly poised (not shown) to hit the 139 resistance ceiling that held for a month last October/February. The Prognosticator does like FXE’s short term prospects and the fractal signals are much more correlated so maybe we have to look up to see down.
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